Thursday, May 9, 2024

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LET Group appoints three new directors for auditing purposes

LET Group Holdings Limited announced the appointment of three new independent non-executive directors with auditing and accounting experience, as its Hong Kong trading suspension has been lifted.

LET Group targets profit conversion after $31.2M loan repayment

Hong Kong-listed LET Group Holdings Ltd. aims to convert its share of losses in a joint venture into an accounting profit.

HK regulator warns LET Group, Summit Ascent delisting over Russian asset sale

Hong Kong stock regulator warns it may delist LET Group and Summit Ascent over concerns about the sale of its Russian assets, namely Tigre de Cristal.

LET Group and Summit Ascent trading suspended in Hong Kong Exchange

Hong Kong-listed LET Group and Summit Ascent suspended trading from 9 am on February 14th.

LET Group terminates sale of property in Hokkaido, Japan

Hong Kong-listed LET Group Holdings has disclosed that its $27.6 million deal to sell a plot of land in Hokkaido, Japan, has been terminated.

LET Group sells wholly-owned subsidiary, Faith Best, for $2.55 million

The LET Group is further adjusting its investment portfolio. After previously announcing the sale of a mall operator in mainland China for $2.8 million, it is now announcing the sale of another wholly-owned subsidiary, Faith Best Asia (HK), for HK$19.95 million ($2.55 million).

LET Group completed $2.8 million sale of mall operator in Mainland China

Hong Kong-listed LET Group has successfully completed the sale of a mainland China business that operates malls in Zhejiang. Formerly known as Suncity Group, LET Group sold Dongyang Xinguang Pacific Industrial for RMB 20 million ($2.8 million).

LET Group’s stock plunges 75 percent on property sale concerns

Shares of LET Group Holdings have plummeted nearly 75 percent since September 22nd, just two weeks after the firm announced its subsidiary's plans to sell a mall operator in Mainland China.

LET Group amends agreement to sell Hokkaido land plot

Hong Kong-listed LET Group Holdings Ltd has entered into an agreement with the buyer of its Hokkaido land plot

LET Group to sell assets at a loss

Hong Kong-listed LET Group Holdings Ltd has disclosed that its indirect wholly-owned subsidiary entered into the sale and purchase agreement to sell 100 percent equity interest   of Target Company at RMB20 million ($2.8 million)